Lowest overall cost definition
Lowest overall cost means the least expenditure of funds over the systems or items life, price, and other factors con sidered. Lowest overall costs shall in clude, but shall not be limited to such elements as personnel, purchase price or
Lowest overall cost means the cost of acquiring goods and services after the evaluation factors set forth in the Solicitation are taken into account. Such factors may include price, quality, life cycle costs and all other terms, conditions, and circumstances of the acquisition.
Lowest overall cost means the least expenditure of funds over the system/ item life, price and other factors considered. Lowest overall costs shall include purchase price, lease or rental prices, or service prices of the contract actions involved, other factors, and other identifiable and quantifiable costs that are directly related to the acquisition and use of the system/ item; e.g., personnel, maintenance and operation, site preparation, energy consumption, installation, conversion, system start-up, contractor support, and the present value discount factor (see also FPMR § 101-35.210). However, the administrative costs of conducting an analysis to determine the lowest overall cost alternative shall be commensurate with the cost or price of the item being acquired and with the benefits expected to be derived from conducting the analysis. (Also see $ 1-4.1103-6
More Definitions of Lowest overall cost
Lowest overall cost means the Acquisition cost contained in a Responsive Submission which is, after the evaluation factors set forth in the Solicitation are taken into account (such as price, quality, life cycle costs, environmental factors, and other terms, conditions, and circumstances of the Acquisition) which is the lowest in comparison to other Responsive Submissions received as part of the Solicitation.